The U.S. dollar rises to new 34-year highs in Tokyo in the upper 155 yen range, as currency traders tested the limits of the yen's weakness amid speculation that a market intervention by Japanese authorities is still a way off.
The Nikkei stock index ends just shy of the 40,000 mark in a fresh record high as a wide range of large-cap shares drew buying on eased concerns for the U.S. economy, and the weak yen continued to boost exporters.
Japan's Nikkei index surged Tuesday, gaining over 1,000 points to briefly trade above 38,000 for the first time in 34 years in a buying spree after a major technology firm revised its profit projections upward. The 225-issue Nikkei Stock Average ended up 1,066.55 points, or 2.89 percent, from Friday at…
Japan's Nikkei index surges, gaining over 1,000 points to briefly trade above 38,000 for the first time in 34 years in a buying spree after a major technology firm revised its profit projections upward.
The Nikkei stock index soars, ending at a nearly 34-year high for a second consecutive day, as the yen's weakness against the U.S. dollar sparked aggressive buying of exporters.